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Wire Transfers

 

Wire Transfers are one of the best methods 

of International money transfer.

Wires are not instantaneous. A wire is considered cleared or "guaranteed" funds. The funds travel through the Federal Reserve network and there are actions that must be performed by the parties involved before the transfer can settle, including mandatory OFAC checks. Wires may settle within a few hours for domestic (U.S.) transfers, but foreign wires can take several days. Since the time frame varies, we cannot guarantee that a wire will settle by a certain time.

 

Foreign Wires Require Additional Documents

As of Oct. 28, 2013, new federal mandates require a signed disclosure acceptance before a foreign wire can be initiated. Please contact Altra for details at 800-755-0055.

 

Incoming Wire Transfer

Source

A wire that is initiated by another financial institution sent to your Altra account

 

Service Fee

$5.00

 

Processing Time

All incoming wires are posted the same day that Altra Federal Credit Union receives them.

 

Instructions

IMPORTANT- Keep the information and steps in the correct order:

 

1. Funds are wired through:

Altra Federal Credit Union
Account #: 291881216

2. For final credit to:

Altra Member Name
Altra Member Account Number

 

Confidential information should only be sent to Altra through secure email. We offer this service at no charge to protect your privacy.

 

Outgoing Wire Transfer

Source

A wire that is initiated by Altra sent to another financial institution account.

 

Service Fee

$25 Domestic
$80 Foreign

 

Processing Time

Same-day processing from Altra dependent on time initiated and if information requires research or follow-up. Once the wire is processed from Altra, we have no control of the receiving factors.

 

Instructions

1. Contact the financial institution you want to transfer money to for specific wiring instructions. Instructions vary between financial institutions.

 

2. Contact Altra with the receiving financial's wiring instructions and transfer amount.

 

Confidential information should only be sent to Altra through secure email. We offer this service at no charge to protect your privacy.

 

 

Note: Altra Federal Credit Union does not have a Swift Code, IBAN or other international routing code, nor do we have a correspondent bank. You can wire funds to your Altra Federal Credit Union Account without this information. Your international financial institution will have a corresponding bank in the U.S. they can wire funds. The funds can then forward to Altra Federal Credit Union using our routing number: 291881216.